Holding multiple altcoins

[plast555]

You should never put all your eggs in the same basket.

This is a recommendation that you care not only when investing in cryptocurrencies, but also in everyday life. My opinion is that a trader should put certain cryptocurrencies on his radar and only deal with them. This is important to avoid distraction.

For example, I am only interested in 10 cryptocurrencies and I follow all the news and price changes about them. That way I can analyze what I've invested.

[acdc]

In my opinion it's a very good idea for you, but I myself also use some wallets to store altcoins like Imtoken, Myetherwallet, Mestamask, Trustwallet and others. The bottom line I personally do not store altcoins in one wallet.

Why don't you store altcoin in a wallet. You just need to choose the best wallet and store it.

[rachman mahesa]

In my opinion it's a very good idea for you, but I myself also use some wallets to store altcoins like Imtoken, Myetherwallet, Mestamask, Trustwallet and others. The bottom line I personally do not store altcoins in one wallet.

Why don't you store altcoin in a wallet. You just need to choose the best wallet and store it.

I agree with you.
Find the best wallet of all wallets and you can save all altcoin in one wallet. In my opinion, this method is more effective. In comparison you have to use all the existing wallets and divide your altcoin in each existing wallet.

[mamahdedeh]

In my opinion it's a very good idea for you, but I myself also use some wallets to store altcoins like Imtoken, Myetherwallet, Mestamask, Trustwallet and others. The bottom line I personally do not store altcoins in one wallet.

Why don't you store altcoin in a wallet. You just need to choose the best wallet and store it.

I agree with you.
Find the best wallet of all wallets and you can save all altcoin in one wallet. In my opinion, this method is more effective. In comparison you have to use all the existing wallets and divide your altcoin in each existing wallet.

in my opinion it is better to use the best wallet in your opinion and divide your assets into several wallets, so it does not require a variety of wallet, but choose one wallet and open several accounts to store some of your altcoin assets

[muksal]

Many of us prefer to hold multiple kind of coins. What do you prefer: holding it in a sigle kind of wallet or have it on a different kind of wallet?

Personally, I prefer to store in an opensource multi wallet that support all my preferred coin and even ERC20 token, its the only opensource multiwallet available called Hodler and so far I find it good. Do you think, this is really good idea?

personally .. i also use multiple bitcoin wallet .. because we can store altcoin in it which supports various platforms .. so we don't have to use a lot of wallet to store altcoin we have .. Even though I still use myetherwallet, I use it to join bountie campaigns.

[JCviggen]

until now I personally still use the web wallet (MyEtherWallet) as a place to secure my portfolio, including some ERC20-based tokens generated from previous signature projects, most of which are mostly ERC20-based tokens. on the other hand I will adjust depending on the project that I am taking.

This is a great wallet for storing tokens and it is very reliable if you use it correctly and follow all security measures. I also use it for the bounty reawards

[Drai]

For security purposes, I prefer to spread my crypto assets to as many wallets as I can without seeming ridiculous, if there is nothing else I have learnt from all the horror hack stories where one thing they all seem to point to is that no wallet is impossible to hack, it's the fact that we shouldn't put all our eggs in one basket, my Bitcoin is in a separate basket, my ethereum is in a separate basket, my other holdings are in separate wallets as well, this is the best way to ensure that even if one or two of my wallets gets compromised, it wouldn't hurt me too bad.

[sapnu]

whatever wallet we can use for crypto needs, but the most important thing is the level of security that is owned by the wallet ... so that we can feel safe without worrying if one day our wallet can be hacked by wallet hackers ... and I have only use MyEtherwallet as my Altcoin Wallet because all the coins I have come from the bounty campaign ...

Mycrypto desktop application is also a good option for holding the bounty rewards and similar crypto balances. The online wallets are not safe for using big amounts, the small amounts can be transferred through the online wallets like Myetherwallet, Blockchain.info wallet.  For restricting the other people to access your wallets when you are away from the personal computer you can also use biometric security protected crypto applications.  Multiple wallets can be a secure than putting all eggs in single basket in my opinion.

It is actually good for you to have multiple altcoins to HOLD, because you are not only hoping on one particular crypto for you to earn, you are actually monitoring every one of them if you are going to earn if you sell it in that particular time. HOLDING is a good way for you to earn here since the market is on a downfall right now, you should have courage and hoping for the right time that you will earn buy waiting. You should actually choose an altcoin that is good enough for you, you can see that in some reviews of the buyers if that particular token gives you benefit and if you are really going to earn if you buy that particular coin.

[rmhuntley]

It's a very good idea if you save some altcoins with multi Wallet. Because it is much safer so it is important to support erc20 faster during transactions. I also store altcoins in multi Wallet and also use multi Exchange for trading.

[GideonGono]

It's a very good idea if you save some altcoins with multi Wallet. Because it is much safer so it is important to support erc20 faster during transactions. I also store altcoins in multi Wallet and also use multi Exchange for trading.

I think a lot of person have an idea of that because some of the user want to have a safe wallet but not all have same of different exchanger users.

For holding a lot of altcoin was good but if everyone of your coin does dump then that will not be good.

If I have a lot of different coin then I want to exchange it on bitcoin at least sure investment because as now it was hard to trust a lot of alt coin because if it will dump a huge percent that it would become a shit coin.

[kaneki007]

If you hold a lot of altcoin it will be difficult to monitor progress, i suggest holding a few at least 5-10. But for now it's not the right moment to invest in altcoin, if you already get ROI it's better to buy bitcoin for long-term investement

[aomakun]

If you hold a lot of altcoin it will be difficult to monitor progress, i suggest holding a few at least 5-10. But for now it's not the right moment to invest in altcoin, if you already get ROI it's better to buy bitcoin for long-term investement

yes I agree with this, in the past I had invested in 5 altcoins and in my opinion it was quite difficult to monitor. because if investment is not carried out monitoring, we can not know the developments that occur in investments made

[Kay94]

I think its a good idea to hold multiple altcoins in your wallet however, holding too many coins in your portfolio will make it quite difficult to monitor the prices of the coins. I'll advise you to hold a few coins that are good in your wallet.

[Sir Legend]

This is my favorite strategy, I hold around 15 top rank altcoins and around 10 new listed coins, I hope that the market will get better soon so that crypto prices can skyrocket again like 2017 ago.

[KimmyF]

Always your portfolio should mixed with various coin. Multiple coiin always gives you good good profits, if one coin fall than another will rise. Here multiple coin isn't for few money investment. Stay alert about your multiple coin price, set a price reminder in your favorite coin list. Multiple coin can't be only top coin, out of top coins should add

[Shasha80]

I think holding multiple altcoins is not a good idea, because it will be difficult to monitor the development of these coins.
Moreover, all the altcoins that we have stored in one wallet, this is very risky. My advice is better holding just a few altcoins,
so it's more efficient in optimizing profits. Keep if possible altcoins that we have stored in some wallets, this is one way to
avoid hackers. As we know it is very vulnerable to hacked everything that is related to money, therefore we must be smarter
in anticipating it.By storing coins that we have in several wallets.

[cryptothreads]

This is my favorite strategy, I hold around 15 top rank altcoins and around 10 new listed coins, I hope that the market will get better soon so that crypto prices can skyrocket again like 2017 ago.

I think holding many altcoins is not very profitable for you because it will be very difficult for you to manage your assets and it is completely difficult if the market tends to fall. In my opinion, you should only choose from 3 to 5 altcoins to hold in the long term and will minimize a lot of big risks. I not sure if you can make a profit or not, but you should only choose the top 10 coins available.

The best options right now are LTC, EOS, BNB, ETH, BCH because these 5 coins are good for profit if Bitcoin trend increase in the near future and will be less dangerous in investment.

[btc-facebook]

holding all coins in one wallet is the desire of most people, because it will make it easier to monitor and carry it everywhere.
it's just the risk when the wallet is lost then all assets will be lost,
but as long as you still hold the private key safely, everything will be fine.

[upyem2k]

Holding a bunch of altcoin for a long time is actually deadly and holding a multitude of them is tsunamic. The rate at which they drop in price after a few days of exchange listing is astronomic. The best thing to do is to study the market trend and find the right time to sell.

[aomakun]

holding all coins in one wallet is the desire of most people, because it will make it easier to monitor and carry it everywhere.
it's just the risk when the wallet is lost then all assets will be lost,
but as long as you still hold the private key safely, everything will be fine.

maybe for some people it would be nice to have a lot of altcoin, but for me it is not efficient because I only have a lot of altcoin without being able to monitor developments and prices